Ukraine-Russia trade drops by $30bn over three years
China was Ukraine's second largest trading partner in 2016.
Over the three years of the armed aggression of Russia against Ukraine, the volume of trade between the two countries fell by almost $ 30bn, or 78%. The data of the State Statistics Service on Ukraine's foreign trade in 2016 indicate that Russia still remains the main trading partner of Ukraine, although its share fell from 27.3% to 11.5%.
In 2013, the trade turnover between Ukraine and Russia was at about 38.3bn dollars, but in 2016 dived to 8.7bn dollars.
Over the past year the reduction amounted to 30%, or $ 3.6bn.
Top 10 largest trading partners of Ukraine in 2016 were:
- Russia - 8,740bn dollars (exports 3.6bn, imports - 5.1bn)
- China - 6.521bn dollars (exports - 1.8bn, imports - 4.7bn)
- Germany - 5.742bn dollars (exports - 1.4bn, imports - 4.3bn)
- Poland - 4.893bn dollars (exports - 2.2bn, imports - 2.7bn)
- Belarus - 3.681bn dollars (exports - 903mn, imports - 2.8bn)
- Italy - 3.288bn dollars (exports - 1.9bn, imports - 1.4bn)
- Turkey - 3.149bn dollars (exports - 2.0bn, imports - 1.1bn)
- India - 2.389bn dollars (exports - 1.9bn, import - 486mn)
- Egypt - 2.315bn dollars (exports - 2.3bn, import - 49mn)
- USA - 2.115bn dollars (exports - 426mn, imports - 1.7bn).
In general, the 2016 Ukrainian exports amounted to 36.36bn dollars (4.6%), import - 39.25bn (4.6%). The negative trade balance was at $ 2.89bn.
For comparison, last year exports amounted to 38.1bn dollars, and imports -. 37.5bn balance of trade was the first time in 11 years was positive and amounted to 632.5mn dollars.